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Cas Abbé @cas_abbe on x 73K followers
Created: 2025-02-02 17:18:56 UTC
Memecoins' capitulation is happening right now.
And this is a good thing, IMO.
Let me explain 👇
In the past few months, new memecoin launches have sucked away all the liquidity from utility tokens.
This is the reason most alts are down from their 2021 highs despite BTC hitting new highs.
But now, things are changing quickly.
With memes going down fast, traders will soon shift their focus toward utility alts.
The new liquidity entering the market will mostly go into ETH and other alts rather than any newly launched memecoin.
This will be the beginning of an Altseason, which we've been waiting for since 2021.
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Related Topics all the alts memecoin imo coins meme cas bitcoin coins layer 1